The Society for Establishing Useful Manufactures (S.U.M.) or Society for the Establishment of Useful Manufactures was a private state-sponsored corporation founded in 1791 to promote industrial development along the Passaic River in New Jersey in the United States. The company's management of the Great Falls of the Passaic River as a powersource for grist mills resulted in the growth of Paterson as one of the first industrial centers in the United States. Under the society's long-term management of the falls, the industrialization of the area passed through three great waves, centered first on cotton, then steel, and finally silk, over the course of over 150 years. The venture is considered by historians to have been a forerunner for many public-private ventures in later decades in the United States.
Famous quotes containing the words society, establishing and/or manufactures:
“It used to be said that, socially speaking, Philadelphia asked who a person is, New York how much is he worth, and Boston what does he know. Nationally it has now become generally recognized that Boston Society has long cared even more than Philadelphia about the first point and has refined the asking of who a person is to the point of demanding to know who he was. Philadelphia asks about a man’s parents; Boston wants to know about his grandparents.”
—Cleveland Amory (b. 1917)
“The conclusion suggested by these arguments might be called the paradox of theorizing. It asserts that if the terms and the general principles of a scientific theory serve their purpose, i. e., if they establish the definite connections among observable phenomena, then they can be dispensed with since any chain of laws and interpretive statements establishing such a connection should then be replaceable by a law which directly links observational antecedents to observational consequents.”
—C.G. (Carl Gustav)
“Foster the labor of our country by an undeviating metallic currency ... always recollecting that if labor is depressed neither commerce nor manufactures can flourish, as they are both based upon the production of labor, produced from the earth, or the mineral world.”
—Andrew Jackson (1767–1845)